Welcome to the CFPB Journal, your online publication for information about the Consumer Financial Protection Bureau.

If you work in financial services, you need CFPB Journal. Our team of seasoned reporters and editors brings you original coverage of the Bureau you won’t find anywhere else. Created by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, the Federal Reserve-housed Bureau has unprecedented authority, jurisdiction and power. Follow CFPB developments, learn how others are complying with CFPB rules, and monitor general public reaction to the Bureau by checking in often with the CFPB Journal.

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Spotlight

CFPB finally offers definition of ‘abusive’

The Consumer Financial Protection Bureau has finally offered a clarification of the ‘abusive’ standard laid out in the Dodd-Frank Act nearly a decade after its passage. The CFPB said it would focus on citing or challenging conduct as abusive in supervision and enforcement matters only when “the harm to consumers outweighs the benefit.”

News

CFPB settles Think Finance lawsuit

The Consumer Financial Protection Bureau proposed settlement with Think Finance, LLC, formerly known as Think Finance, Inc., and six subsidiaries which would resolve a 2017 lawsuit.

CFPB adds member to consumer law taskforce

William MacLeod, a partner at Kelley Drye & Warren, LLP, will join the previously announced slate of members of the taskforce on federal consumer financial law at the Consumer Financial Protection Bureau.

Student loan debt relief companies sued

The Consumer Financial Protection Bureau filed suit against several companies and individuals involved in offering student loan debt-relief services for allegedly obtaining consumer reports illegally, charging unlawful advance fees, and engaging in deceptive conduct.